PUBLISHER: TechNavio | PRODUCT CODE: 1762885
PUBLISHER: TechNavio | PRODUCT CODE: 1762885
The internet of things (IoT) sensors market is forecasted to grow by USD 90,232.5 mn during 2024-2029, accelerating at a CAGR of 43.5% during the forecast period. The report on the internet of things (IoT) sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for smart factories and iiot, increasing demand for wireless sensors by process industries, and large-scale benefits of using iot devices.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 33.5% |
CAGR | 43.5% |
Incremental Value | $90,232.5 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's internet of things (IoT) sensors market is segmented as below:
By End-user
By Type
By Environment
By Connectivity
By Geographical Landscape
This study identifies the increasing demand for sensors for remote monitoring as one of the prime reasons driving the internet of things (IoT) sensors market growth during the next few years. Also, development of open wi-fi networks and increase in real-time data monitoring for predictive analytics in industries will lead to sizable demand in the market.
The report on the internet of things (IoT) sensors market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading internet of things (IoT) sensors market vendors that include ams OSRAM AG, Analog Devices Inc., Broadcom Inc., Emerson Electric Co., Honeywell International Inc., Infineon Technologies AG, Innovative Sensor Technology IST AG, International Business Machines Corp., Knowles Corp., Libelium Comunicaciones Distribuidas S.L., Monnit Corp., NXP Semiconductors NV, OMRON Corp., Robert Bosch GmbH, Sensata Technologies Inc., Siemens AG, STMicroelectronics NV, TDK Corp., TE Connectivity Ltd., and Texas Instruments Inc.. Also, the internet of things (IoT) sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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